The gist of what I am thinking is basicaly summarizedin this article:
How to Improve Your Trading by Not Having An Opinion

It seems the more traders try to predict, the more it can't be done. Just like we cannot predict future life events, we cannot predict future market events. ........News forms opinions, trading oscillators form opinions; analysis forms opinions, analysts form opinions, etc., etc. As traders, we really do not know how the markets will react to news and financial recommendations. If we think we do, then we are forming an opinion about the news! How many times have companies come out with great earnings and sold off right after the announcement. And when it does the news commentator comes out and says well the stock ran up already in expectation of the good numbers and then sold off. And if the stock continued upward, the news commentator would say, good earnings drove the market upward, etc., etc. They operate on 20/20 hindsight. We as traders do not have this luxury. The less opinions you have, the better trader you will be! And it is that simple!!!!
Bennett A. McDowell, founder of http://www.traderscoach.com/, began his financial career on Wall Street in 1984, and later became a Registered Securities Broker and Financial Advisor for Prudential Securities and Morgan Stanley. Bennett is considered an expert in technical analysis; he frequently lectures and recently authored the bestselling book The ART of Trading.

Actually to come to think about it,its true, everytime a new elliotwave monthly newsletter comes around, it modifies my trading, and I get disoriented. Oxygen is your own interpretation, Nitrogen is others, so beware of Nitrogen narcosis. Dont inhale too much nitrogen.